Bitconnect Closes Virtually Its Entire Operation, BCC Token Drops 87%

[abdmuiz]

Bitconnect has formally closed its lending platform and cryptocurrency exchange following warnings from Texas and North Carolina regulators. The Bitconnect Coin (BCC) digital currency is down 87% today and 93% from its December 29 high of $437.At press time,BCC is trading for just $30.

                                                                           Ponzi-like
Many in the digital currency community have called Bitconnect a Ponzi scheme, including Ethereum founder Vitalik Buterin, according to TechCrunch. Such accusations were based on the multi-level referral system and the promise of up to 40% earned interest, plus a daily bonus of up to 0.25% per day,on each loan.The promise of risk-free high returns is often typical of a scam-if it sounds too good to be true,it probably is.

Bitconnect Coin’s website describes the currency as:

The moment you acquire BitConnect Coin it becomes an interest-bearing asset with 120% return per year. It is that simple.

Unfortunately for investors, that“interest-bearing asset”is now nearly worthless

[I.Grozni]

Bitconnect has formally closed its lending platform and cryptocurrency exchange following warnings from Texas and North Carolina regulators. The Bitconnect Coin (BCC) digital currency is down 87% today and 93% from its December 29 high of $437.At press time,BCC is trading for just $30.

                                                                           Ponzi-like
Many in the digital currency community have called Bitconnect a Ponzi scheme, including Ethereum founder Vitalik Buterin, according to TechCrunch. Such accusations were based on the multi-level referral system and the promise of up to 40% earned interest, plus a daily bonus of up to 0.25% per day,on each loan.The promise of risk-free high returns is often typical of a scam-if it sounds too good to be true,it probably is.

Bitconnect Coin’s website describes the currency as:

The moment you acquire BitConnect Coin it becomes an interest-bearing asset with 120% return per year. It is that simple.

Unfortunately for investors, that“interest-bearing asset”is now nearly worthless

Not worth crying over spilled milk. Months of respected members have said Bitconnect is a big scam. The greedy people did not believe it and I do not regret it.

[dunfida]

Bitconnect has formally closed its lending platform and cryptocurrency exchange following warnings from Texas and North Carolina regulators. The Bitconnect Coin (BCC) digital currency is down 87% today and 93% from its December 29 high of $437.At press time,BCC is trading for just $30.

                                                                           Ponzi-like
Many in the digital currency community have called Bitconnect a Ponzi scheme, including Ethereum founder Vitalik Buterin, according to TechCrunch. Such accusations were based on the multi-level referral system and the promise of up to 40% earned interest, plus a daily bonus of up to 0.25% per day,on each loan.The promise of risk-free high returns is often typical of a scam-if it sounds too good to be true,it probably is.

Bitconnect Coin’s website describes the currency as:

The moment you acquire BitConnect Coin it becomes an interest-bearing asset with 120% return per year. It is that simple.

Unfortunately for investors, that“interest-bearing asset”is now nearly worthless

Not worth crying over spilled milk. Months of respected members have said Bitconnect is a big scam. The greedy people did not believe it and I do not regret it.

For those people who did invest big then they do really deserve such loss. Just like being said most people on community said that this is indeed a scam with just seeing on its structure its an obvious Ponzi thing but still people are too greedy and didn't really took those advices seriously and now most of them are crying out into their loses which this thing is already being anticipated to happen sooner or later on this coin which is already we do see as of now.This would really be a lesson learn for them.

[Gregsman]

Smart and lucky guys did earn big money from Bitconnect. No mater if it's a scam you can earn money.
Bitconnect landed hard and still someone is buying, interesting isn't it